The revenues of the top Western defense contractors have been soaring, with American weapons makers dominating the global arms industry, Defense News reported on Monday.

According to the magazine's new ranking of the top 100 defense firms, in 2022, America's top five weapons contractors made $196 billion in military-related revenue.

The ranking shows that four US-based companies were among the world's top five military contractors. The US has emerged as the main source of weapons for Ukraine amid its conflict with Russia, having committed around $37 billion in security assistance to Kiev.